Perhaps no economic pronouncement in history has been anticipated, discussed, predicted, dissected, and reported like the Federal Reserve’s momentous decision today not to raise interest rates.
Untold millions of words have been spoken and/or written in articles, blogs and books about most everything. That’s all well and good, but there comes a time when the discussion is exhausted, and the time has come to make decisions and take appropriate Action, lest all that talk be wasted. It seems clear that Force is a lousy solution. As GOVERNment IS Force, let’s find a better way and Action!
President Andrew Jackson (despite his faults) did deliver the most important veto in U.S. history when he squashed the central bank at the time, the Second Bank of The United States.
For those who are new to learning about the evils of central banking, it’s important to understand that The Federal Reserve was not the first central bank in the U.S. It’s just the one that stuck and was not weeded out early enough. The Fed was able to dig its roots in at a ripest moment imaginable (i.e., the early 1900?s, when American public opinion tipped into the desire for statism).
Obama made his first big mistake by giving all that stimulus money in the hopes of Wall Street bailing out America.? He didn’t then and he doesn’t believe it now that instead of giving it to Wall Street and Unions he should have given it to the people.? The people?of America had so much more […]